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Corporate News 23 Jun 2017 | 10:54 AM

China's internet shares tumble after govt clamps down on online video content

BEIJING: Beijing has shut down online video services of three popular Chinese media sites in a swift action that unleashed financial shockwaves and posed a firm warning to the country's online video industry: clean up, or close down.

Economy 16 Jun 2017 | 12:00 AM

UK’s Hammond, saved from purge, set to renew Brexit push

LONDON: British Finance Minister Philip Hammond has the chance to revive his calls for a more business-friendly exit from the EU in a debate blown wide open again by an election that has undermined Prime Minister Theresa May’s authority.

Business 17 Nov 2012 | 12:00 AM

Twinkies maker Hostess plans to go out of business

NEW YORK: Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes and loaves of Wonder Bread, is seeking a U.S. court's permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.

Business 31 Oct 2012 | 12:00 AM

Hurricane Sandy silences Atlantic City's casinos

Atkantic City: Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort's casino companies wager they could be back in business within days

Business 29 Aug 2011 | 12:00 AM

Local bourse edges higher at close

The benchmark index was up 0.17% and closed at 1,447.27 on Monday with financial and energy-related stocks among the gainers.